Essex Savings Bank recently promoted two executives to senior leadership roles.
Nathan Bordeleau, who started at the bank in 2013, has been promoted to vice president and credit officer. He most recently served as assistant vice president and credit officer, a role he had held since 2019.
Lynn K. Giroux, formerly senior vice president and chief administrative officer, has assumed a new role as senior vice president and chief operations officer. Giroux has about four decades of banking experience and has been at Essex Savings Bank for the past 22 years.
Lynn K. Giroux
Essex Savings Bank, which was established in 1851, serves the Connecticut River Valley and shoreline with six offices, including two in Essex, and branches in Chester, Madison, Old Lyme and Old Saybrook.
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Avangrid Renewables appoints new executive
Avangrid Renewables LLC, a subsidiary of Orange-based energy company Avangrid Inc., has named Jose Antonio Miranda as president onshore.
In this role, Miranda will oversee the growth of the company’s onshore wind and solar business.
Alejandro de Hoz, president and CEO of Avangrid Renewables, said it has been a transformational year for the company.
“With the approval of our offshore wind joint venture project, Vineyard Wind, and our ambition to grow both onshore and offshore renewables, bringing Jose Antonio on in this newly created role ensures we have a strong leadership team in place to achieve our goals,” de Hoz said.
Miranda was previously CEO of onshore in the Americas region for Siemens Gamesa and chaired its boards in the United States, Mexico and Brazil.
“This is a pivotal time for renewables development in the U.S. and I’m looking forward to growing our business and building our onshore solar and wind pipeline in this country,” Miranda said.
Miranda will be splitting his time between Portland, Ore., and New England.
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Cheshire resident promoted at BDC Capital
BDC Capital Corp. recently promoted David Raccio to senior vice president, managing director of sales.
Raccio will lead a team of business development officers throughout New England with a focus on U.S. Small Business Administration 504 loans through BDC Capital’s affiliate company, CDC New England.
Paul F. Flynn, Jr., president and CEO of BDC Capital, said of Raccio, “Dave has shown a strong ability to work effectively with bankers and borrowers while navigating the SBA guidelines.”
David Raccio
Raccio, of Cheshire, joined the BDC team in 2017 in its Hartford office and has processed hundreds of SBA 504 loans.
His background includes 15 years with the state Department of Economic and Community Development as a senior loan officer, where he focused on providing financial assistance to industry clusters such as aerospace manufacturers, plastics and metal manufacturers, insurance and financial services and bioscience companies.
BDC Capital reports that it has invested more than $1 billion in thousands of companies in New England during its 68 years in business.
